General Dynamics Co. (NYSE:GD) Shares Purchased by NovaPoint Capital LLC

NovaPoint Capital LLC increased its position in shares of General Dynamics Co. (NYSE:GD) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,832 shares of the aerospace company’s stock after acquiring an additional 492 shares during the quarter. NovaPoint Capital LLC’s holdings in General Dynamics were worth $3,644,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Coston McIsaac & Partners increased its position in shares of General Dynamics by 22.8% in the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 33 shares during the last quarter. Global X Japan Co. Ltd. boosted its holdings in shares of General Dynamics by 2.3% in the 3rd quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock valued at $448,000 after buying an additional 33 shares during the period. Grove Bank & Trust boosted its holdings in shares of General Dynamics by 10.6% in the 3rd quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock valued at $107,000 after buying an additional 34 shares during the period. Trueblood Wealth Management LLC boosted its stake in General Dynamics by 1.6% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock valued at $672,000 after purchasing an additional 34 shares during the period. Finally, Jeppson Wealth Management LLC boosted its stake in General Dynamics by 3.8% during the 3rd quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock valued at $289,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on GD shares. Robert W. Baird reissued a “neutral” rating and set a $283.00 target price (down from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. Wells Fargo & Company reduced their price target on shares of General Dynamics from $279.00 to $276.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $300.00 price target (down from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Sanford C. Bernstein reduced their price target on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Finally, TD Cowen dropped their target price on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of “Hold” and an average price target of $300.06.

Insiders Place Their Bets

In related news, Director Laura J. Schumacher sold 1,796 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now directly owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. This represents a 13.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the sale, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This represents a 21.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

General Dynamics Stock Up 0.4 %

General Dynamics stock opened at $258.36 on Thursday. The firm has a market cap of $71.04 billion, a PE ratio of 18.94, a P/E/G ratio of 1.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The firm’s 50 day moving average price is $266.07 and its two-hundred day moving average price is $286.28. General Dynamics Co. has a twelve month low of $247.01 and a twelve month high of $316.90.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, research analysts predict that General Dynamics Co. will post 14.88 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, January 17th. General Dynamics’s dividend payout ratio is 41.64%.

General Dynamics declared that its board has approved a stock buyback plan on Wednesday, December 4th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.